Oil pares losses on all-around bullish supply data

SAN FRANCISCO (MarketWatch) -- Crude-oil futures pared losses on Wednesday after a government weekly supply report showed a suprise decrease in inventories. Crude for December delivery
cl1z
was off 36 cents, or 0.4%, to $96.47 a barrel on the New York Mercantile Exchange. It had traded as low as $94.54 earlier in the day, and under $95 before the report. The Energy Information Administration said crude inventories declined 1.4 million barrels in the week ended Nov. 4. Gasoline inventories declined 2.1 million barrels, while distillates supplies were off 6 million barrels. Analysts polled by Platts had expected crude oil stocks to rise 1 million barrels, gasoline stocks to decline 400,000 barrels, and distillates stocks to be down 2.5 million barrels.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.